Ethereum Watch

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

Advertisements Ethereum saw a drop in the Estimated Leverage Ratio. In combination with other metrics, the inference was that bullish certainty was falling. In a report last week, AMBCrypto highlighted that Ethereum [ETH] has underperformed Bitcoin [BTC] in recent weeks. Comparing their performance in December, AMBCrypto found that ETH has gained 11.3% at press time, […]

Advertisements ETH HODLers were unconcerned about the altcoin’s price fluctuations. The short and long-term technical outlook suggested a bullish move for ETH. Long-term Ethereum [ETH] holders have desisted from liquidating their holdings while helping the coin reach a new milestone, IntoTheBlock noted. According to IntoTheBlock, the amount of ETH owned by HODLers has now hit […]

Advertisements The SOL/ETH price ratio has been rising since September. The demand for SOL remained steady among daily traders. Solana [SOL] has emerged as a surprise champion in the 2023 altcoin market, outperforming Ethereum [ETH] by a significant margin since early fall. For the first time since 2021, the SOL/ETH price ratio reversed in early […]

Advertisements The transferred stash was worth more than a million at press time. Buterin’s earlier claims of transfers being related to charity started doing the rounds. Ethereum [ETH] co-founder Vitalik Buterin moved 500 ETH, worth $1.08 million as of this writing, to crypto exchange Coinbase, fueling speculations in the crypto community about the intention of […]

Advertisements Digital assets recorded outflows last week for the first time in almost three months. This was due to a surge in profit-taking activity. Capital flight from investment products totaled $16 million last week, marking a potential shift in sentiment after a period of sustained bullishness, digital asset investment firm CoinShares found in a new […]

Advertisements BTC dropped to $41,158 while ETH sank below $2,200 during the weekend. The market was expected to go sideways until the year-end. Crypto trading activity cooled off in the last non-holiday weekend of the year, the first possible sign that the peak of 2023 may have been achieved and that the market will remain […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum has been on a positive uptrend since last year’s Merge event. In fact, the altcoin was trading at $2,287.64 on the charts, at the time of writing, with the larger market sentiment […]

Advertisements ETH’s supply has dropped to its lowest level since the merge. A key indicator has shown the re-emergence of the bears in the ETH spot market. Ethereum’s [ETH] supply has fallen to its lowest since the blockchain transitioned from the proof-of-work consensus mechanism (PoW) to a proof-of-stake (PoS) network in an event popularly referred […]